Home Equity Loan

Features:

• Up to 80% combined loan to value (CLTV)¹ financing
• Borrow up to $250,000 (minimum line of $10,000)²
• Low, fixed rate³
• 15 year term
• Western pays up to $700 closing costs⁴

A Western Home Equity Loan allows you to borrow against the equity you've built in your home. At closing, you'll receive a lump sum amount, which you can use for any purpose, such as home improvements, funding an education, or making a large purchase. And in some cases, there may even be tax benefits.⁵

Consider A Home Equity Loan If You:

• Want the full amount of the loan upon closing
• Prefer a fixed, consistent monthly payment
• Know exactly how much you need to borrow

Consider a Home Equity Line of Credit If You:

• Want a revolving line of credit that allows you to borrow only what you need, when you need it
• Plan to use funds for short-term needs, like home improvement or emergency cash
• Prefer to make payments based only on the portion of credit you've used
• Want your credit line to replenish as you pay down your balance

Apply online, call our Loan Services Center at 877-254-9328, visit your local branch, or request a Mortgage Packet today.

¹ $100,000 loan with a 6.50% interest rate (effective as of December 18, 2008) would have 180 monthly payments of $871.11.
² Loan amounts are based on borrower(s) and collateral meeting credit criteria guidelines.
³ Rates subject to change.
⁴ Closing costs range from $700 to $2,750 depending upon state. Estimate of costs will be provided if your request is approved. Credit towards closing costs not applicable on refinance of Western loans.
⁵ Please consult a tax professional regarding your specific situation.

Note: All properties must be owner occupied. Manufactured or mobile homes are not eligible for financing.